Nvidia announced a ten-for-one forward stock split in its first quarter fiscal 2025 earnings report on Wednesday. The shares will begin trading on a split-adjusted basis at market open on June 10, according to the release.

Stock splits do nothing to change the financial fundamentals of a company, but they make each share cheaper, which can have a psychological effect on retail investors.

Nvidia shares closed on Wednesday at $949.50. With a 10-for-one split based on that price, each share would cost $94.95, though an investor would have to buy 10 of them to own the same amount of the company as they currently get with one share. Alphabet, Amazon and Tesla all orchestrated stock splits in 2022.

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